139 Surrey | 2 Homes | Easy I-35 access | Excellent investor property | 16.47 Seller reported CAP | Close to downtown San Antonio | REDUCED $25K TO $150,000
Zoned R-4. 2 homes. Potential re-permit to 5 units. 2,382 SF total. Completely fenced. Mature trees. 1 block to La Fiesta Supermarket on Nogalitos. Each home individually metered. Main Home: 1,702 HVAC SF and 185 SF porch. Built in 1950. 3 bedrooms, 2 baths. Guest Home: 680 HVAC SF, 44 SF porches and 35 SF attached utility room. Built in 1954. 1 bedroom, 1 bath. 70 Walk Score. 47 Transit Score, 56 Bike Score. Within 5 MI of high performing Charter Schools. 1.2 MI from I-35 South and 1.7 MI from I-35 North at Exit 152A - Division AVE. 3 MI to Downtown San Antonio. $174,905 Zillow estimate.
SWPRE Nogalitos Heights subdivision research and analysis:
Seller's Market 3 months of inventory available
Prior 12 months key statistics:
Average days on market: 35 Average sale price per SF: $121 Increase in average list $ compared to average sold price: 23% Increase in highest list $ per SF compared to highest sold price per SF: 20%
HouseCanary property analysis:
Market status: Seller's Market Home value estimates: $150,193 low value, $178,523 average, $206,853 high Annual property value trend next 12 months in zip code: 4.9% Risk of value decline in zip code: Very low Market change past 12 months: Market has tightened
Sale price: $150,000 Down payment: $40,500 (25%) Amount financed: $112,500 Closing costs: $3,000 (2% of sales price) Interest rate: 5% Amortization schedule: 25 years Monthly P&I: $658 Annual debt service: $7,892
Proforma owner manager key indicators:
Net operating income: $24,710 Net cash flow: $16,818 1st year cash on cash: 41.53% CAP rate: 16.47% Debt Service Coverage Ratio: 3.13
Proforma property manager key indicators:
Net operating income: $22,636 Net cash flow: $14,744 1st year cash on cash: 36.41% CAP rate: 15.09% Debt Service Coverage Ratio: 2.87
Showings: Tenant occupied. Appropriate advance notice required. Viewings limited to 1 unit. Arrangements to view all units during Option Period. To schedule a showing, contact SWPRE San Antonio at 210.571.3776 or firstname.lastname@example.org.